A self-assessment form completed by ALM’s vice president and general counsel, Avi Weisman, noted that compliance issues were a concern of his. The assessment document was leaked by Impact Team last week.
In the form, when asked to describe what areas where failure to perform would hurt the most, Weisman said:
"Voids in understanding compliance and regulatory legal requirements in countries we operate in or are going to operate in. Anytime we have an issue with a regulator/government/legal or administrative body takes time, lobbying, resources, expertise, cost, etc..."
The follow-up question spoke to areas where he'd hate to see something go wrong, to which Weisman listed service availability issues, such as hacking or operational issues, as a concern, but also singled out "legal mishaps where we need to involve regulators, law enforcement, etc..."
Weisman also listed ongoing litigation as a concern, in the event he was removed from the world with no access to the company for three months. His concern in justified, as ALM is facing a $578 million class-action lawsuit due to the data breach.
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